The connection between the price elasticity of demand and changes in revenue
Summary
- \(R'\left( p \right)=q\left( p \right)\left( 1-\left| ε \right| \right)\)
- \(R'\left( q \right)=p\left( q \right)\left( 1- \frac{1}{\left| ε \right|} \right)\)
Summary